What is the VDB Declining Balance Function? The VDB Function is an Excel Financial function that calculates the depreciation of an asset using the Double Declining Balance (DDB) method or some other method specified by the user. VDB is a short form of Variable Declining Balance. The Excel VDB function also allows us to specify a factor…
What is the SUMIF Function? The SUMIF Function is categorized under Excel Math and Trigonometry functions. It will sum up cells that meet the given criteria. The criteria are based on dates, numbers, and text. It supports logical operators such as (>, <, <>, =) and also wildcards (*, ?). This guide to the SUMIF…
What is the BINOM.DIST.RANGE Function? The BINOM.DIST.RANGE Function is categorized under Excel Statistical functions. It will calculate the binomial distribution probability for the number of successes from a specified number of trials falling into a specified range. In financial analysis, the function can be useful in finding out the probability of, for example, the three…
Calculate Binomial Distribution in Excel The BINOM.DIST Function is categorized under Excel Statistical functions. It calculates the binomial distribution probability for the number of successes from a specified number of trials. This binomial distribution Excel guide will show you how to use the function, step by step. The binomial distribution is a statistical measure that is…
What is the Z.TEST Function? The Z.TEST Function is categorized under Excel Statistical functions. It will calculate the one-tailed P-value of a Z-test. As a financial analyst, the Z.TEST function is useful for various analyses. For example, we can decide if we should invest in a particular stock when it provides a specific average daily…
Excel Weibull Distribution The WEIBULL.DIST Function is categorized under Excel Statistical functions. It will return the Weibull distribution for a supplied set of parameters. This guide to the Excel Weibull distribution will show you how to use it step-by-step. As a financial analyst, the function is useful in reliability analysis. For example, we can use…
Negative Binomial Distribution Formula The NEGBINOM.DIST Function is categorized under Excel Statistical functions. It will calculate the negative binomial distribution probability. It determines the probability mass function or the cumulative distribution function for a negative binomial distribution. For example, using the function, we can find out the probability that when a coin is tossed, we…
Inverse Lognormal Distribution Excel The LOGNORM.INV Function is categorized under Excel Statistical functions. It will calculate the inverse lognormal distribution in Excel at a given value of x. We can use the function to analyze data that’s been logarithmically transformed. LOGNORMAL distribution is often used in financial analysis to help make investment decisions. It is…
What is the CHISQ.DIST.RT Function? The CHISQ.DIST.RT Function is categorized under Excel Statistical functions. It will calculate the right-tailed probability of a chi-square distribution. We use this function to compare observed and expected values. So, the χ2 distribution is associated with an χ2 test. In financial analysis, the function can be used to find out…
What is the CHISQ.INV Function? The CHISQ.INV Function is categorized under Excel Statistical functions. It will calculate the inverse of the left-tailed probability of the chi-square distribution. In financial analysis, this function can be useful in finding out the variations in assumptions made. For example, consider a precision machine that produces balls for a high-quality…
